Case Study: Terrastride

INVENTORY ENTREPRENEURSDIGITAL AGENCY OWNERSSTARTUP FOUNDERSSMALL BUSINESS INNOVATORSINVESTORS/INVESTMENT FIRMS
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TerraStride is now one of Accountfully’s longest term clients. They have been with Accountfully for about six years now.

Now that the CEO has been able to focus on growing the business, the systems and reporting provided by Accountfully have allowed him to acquire and grow the new business, HuntStand.

With more focus on growth and potential investments, the owner can now access reports and stats a lot quicker, to help close deals sooner and advance the company with ease.

What We Did

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Continue to utilize cloud based systems and reporting, staying on the tech cutting edge.

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Provide more advanced reporting, from established data.

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Assisted in preparing and securing PPP loans, which helped TerraStride secure a new media company and maintain operations as normal without a massive financial crunch.

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Continue to monitor and manage tax aspects of the business.

The Impact

By assuming the bookkeeping and accounting responsibilities, Accountfully has enabled cash management and proper forecasting allowed for major loans (SCRA) to be paid in full and for TerraStride to maintain a more conservative approach to growth, avoiding taking out more loans or giving away more equity unnecessarily.

The company has continued to grow and has been able to reach profitability. Due to its significant growth, it has recently made the Inc 5000 list.

Trail in the forest

751%

growth Rate over 3 years

154%

Increase In Raised Funding Via Stock And Convertible Debt

"As we have grown and diversified our revenue streams, having solid accounting practices in place has become even more important. Being able to forward requests for data to the right person at Accountfully has been very helpful. This gives me more time to concentrate on strategic considerations and to actually interpret the data as opposed to creating it."

TerraStride LogoHuntStand Logo

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